BlackRock's iShares Bitcoin Trust (IBIT) experienced record outflows of $333 million on January 2, attributed to profit-taking and end-of-year tax-loss harvesting by investors. Despite this, IBIT has surpassed $50 billion in assets under management in just 228 days, significantly outpacing previous ETFs. Analysts remain optimistic about the ETF's role in enhancing Bitcoin's legitimacy and mainstream acceptance.
North Korean hackers have escalated their cyber theft activities, stealing approximately $1.34 billion in 2024, a 102.88% increase from the previous year. This surge includes sophisticated attacks like the $50 million hack of Radiant Capital, where hackers posed as contractors to deliver malware. Experts warn that the collaboration between North Korea and Russia complicates global cyber threats, emphasizing the need for enhanced international cooperation in cryptocurrency tracking and security measures.
A hacker spread false news claiming that Philip Banks, creator of the "Just a Chill Guy" meme, had licensed his intellectual property to the Solana-based CHILLGUY meme coin, causing its value to surge by 22%. However, the announcement was quickly debunked, leading to a 25% drop in the token's value within 30 minutes. Banks later clarified that the posts were fraudulent and vowed to take legal action against those profiting from his art.
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